An eviction notice is the last thing any home owner wants. No doubt you are in a position of financial distress for a good reason. Although there are several ways to avoid the repossession process, a Rapid-Sale is one of the quickest and easiest ways to start fresh. With a rapid-sale, home owners facing repossession can have their case handled in the quickest way possible. Better yet, there are no estate agent fees to look forward to. Families across the UK facing foreclosure, opt for the Rapid-Sale because it allows them to pay their debts and save their credit rating. And, it’s even possible to walk away with a little money left over. Why does Repossession Happen? There are several factors that contribute to the eviction process in the UK. Obviously one of the biggest reasons is payment arrears to their lending institutions. If you happen to be a home owner facing an eviction notice, the first thing you should know is that you are not alone. Recent statistics show an alarming rise in home repossession across the UK, with little or no help from the economy. There are of course several other ways to avoid or stop the repossession process all together. Providing you know for absolute certainty you can get back on your feet with given time. Simply talking to your lender may in fact provide the best solution to keeping your home. By setting up a meeting you can discuss several options with your lender and come to a suitable agreement on both sides. The fact is no lender really wants to repossess your house. It’s not financially positive for them either. Many home owners who face arrears become recluse and fear begins to set in. We of course all have our pride and look at this situation as a failure – however, this is a mistake. There are circumstances in everyone’s lives that throw us off course. Understandable situations like an illness, death in the family or a divorce. Many become overwhelmed by the prospect of paying back arrears, not knowing or understanding that there are several options available to help. What if all of your options have run out? This won’t happen – there is always an answer if you’re willing to do a bit of research and ask the right questions. Here is a listing of options to consider before giving into property repossession: - Talk to your lender and pay your arrears in full, by negotiating new payment terms. - Re-mortgage your house - Sell your property if you have the time - Sell and Rent back - Government help - Rapid-Sale Selling quickly is one solution worth looking into; especially if you want a quick answer and the option to start fresh with your credit rating intact. ‘Rapid’ literally means ‘fast’ – you can have your house bought, bills paid and possibly money left over by opting for a quick sale. So, before letting pride or embarrassment dictate your next course of action, why not see if you qualify today? There are no fees attached to this scheme and it’s done privately with no nosy neighbours catching on. As far as their concerned, you’ve just decided to move!
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